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Comcast Confirms Company Broke Even On Olympics, Expects Profit From Future Games

Comcast during its Q3 earnings conference call Friday "confirmed that it broke even on the Summer Games," according to the Georg Szalai of the HOLLYWOOD REPORTER. Comcast Chair & CEO Brian Roberts on an earnings conference call said that "his team continues to expect future Olympics to turn a profit." Roberts: "We now have more confidence than ever the Olympics can be profitable." Comcast CFO Michael Angelakis said, "Overall, the London Olympics were break even when you take into account other Olympics-related revenues that are booked over multiple quarters." Roberts said he was "proud" of the London Games coverage and lauded staff for how "the whole company worked together" (HOLLYWOODREPORTER.com, 10/26). BLOOMBERG NEWS reports revenue at NBCUniversal rose 31% to $6.8B, "buoyed in particular" by the London Games. Excluding the Olympics, NBCU revenue was up 8%. The "broadcast segment saw revenue, including $1.2 billion from the Olympics, increase 83%; broadcast revenue excluding the games rose 5%" (BLOOMBERG NEWS, 10/26).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

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